When did modern liberalism become more widespread?
After the Great Depression (1930s)
Modern liberalism believes that a free market system of economics is not sustainable as the lows of capitalism can make huge numbers of people unemployed.
Modern liberals believe that people are unable to live a free life if they cannot access the capitalist system
The state should have an ‘enabling‘ role to enable people to fufill their aims through state provision of welfare
Positive freedom involves the idea that individuals need certain resources and opportunities provided by the state to be able to exercise their freedom effectively.
What is developmental individualism?
Freedom means people can grow and develop fulfilling their potential. People still think as individuals but as a result wish to look after each other to create a better world
What is Keynesian economics?
State intervention is needed to stimulate economic growth.
Keynesian economics maintains low inflation, high employment, and raises living standards. It emphasizes economic expansion to fund welfare initiatives.
